Lower middle market private equity firm
Oceans Equity
- HeadquartersMiami, FL S1
- Founded2024 S6
- Websiteoceans-equity.com
- Last verifiedNovember 4, 2026
At a glance
| EBITDA range | $2M to $12M S2 |
|---|---|
| Revenue range | $10M to $100M S2 |
| Deal types | Platform, Add-on S2 |
| Geography | United States S2 |
| Sectors | Healthcare Services, Consumer & Food |
What Oceans Equity buys
Oceans Equity is a Miami private equity firm that launched in March 2024. Its two managing partners, Josh Bilmes and Scott Bartnick, each have nearly 20 years of investing behind them and both came from Boyne Capital. The firm buys majority stakes in US service businesses, including business, consumer, industrial, commercial, healthcare and multi-site companies, plus niche product makers. It looks for fragmented markets, stable profits, a spread of customers and good managers who will stay.
The target is $10 million to $100 million of revenue and $2 million to $12 million of EBITDA, and there is no minimum for add-ons. Owners take cash out and can keep a meaningful share. The firm has two platforms today: Elite Home Health in Florida and Ryan Family Amusements in New England. Both are meant to grow through acquisitions, so a smaller home health agency in the Southeast, or a bowling or family entertainment center in the region, is the most likely fit below the EBITDA floor.
Recent deals
Announced in the 24 months before November 4, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Aug 2026 | Ryan Family AmusementsNew England operator of 13 bowling and family entertainment centers, founded in 1958 | Platform | Consumer & Food | Source |
Portfolio by sector
From the firm's portfolio page S3.
Current Portfolio
- Elite Home Health
- Ryan Family Amusements
Greymont’s take
How Oceans Equity fits a seller
Oceans Equity suits an owner who wants cash now, still wants a real stake in what comes next, and has a management team ready to keep running the business. The firm stays at board level, leaves daily decisions to the executives, and sets up an equity plan for key employees. With two platforms, an owner should get close attention, but the firm itself has a short record. The 30-plus acquisitions it cites are its principals' totals, and its portfolio page shows much of that experience came at earlier firms.
An owner should ask how much capital is already committed, since the firm says its committee signs off on financing after a letter of intent, and which past deals the two partners led themselves.
Questions owners ask
What size company does Oceans Equity buy?
Its target is $10 million to $100 million of revenue and $2 million to $12 million of EBITDA. It sets no minimum for strategic add-on acquisitions.
Can an owner keep part of the business?
Yes. The firm takes majority stakes, but its pitch to sellers is that they can take cash out and keep a significant share, then benefit from the growth that follows.
Who runs the company after Oceans Equity invests?
Daily management stays with the company's executives. Oceans Equity works at board level, helps recruit key roles, and brings in directors with experience in the industry.
How long has Oceans Equity been investing?
It launched in March 2024. Its principals report more than 30 acquisitions and $1.1 billion of enterprise value, but much of that experience came at earlier firms such as Boyne Capital.
Sources
- S1Oceans Equity home page Accessed November 4, 2026
- S2Oceans Equity: Investment Criteria Accessed November 4, 2026
- S3Oceans Equity: Portfolio Accessed November 4, 2026
- S4Oceans Equity: Our Approach Accessed November 4, 2026
- S5Oceans Equity: Team Accessed November 4, 2026
- S6PR Newswire: Former Boyne Capital Principal, Josh Bilmes, Launches Oceans Equity (March 19, 2024) Accessed November 4, 2026
- S7PR Newswire: Oceans Equity Welcomes Scott Bartnick as Managing Partner (June 3, 2025) Accessed November 4, 2026
- S8Northwest Sponsor Finance Supports Oceans Equity (August 19, 2026) Accessed November 4, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Oceans Equity. Figures are as reported on the dates shown and may have changed. Request a correction